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Topic - Hotel Performance Trends

Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 3 - 9 December 2023

Global Occupancy, Excluding the U.S., Moved to 66.5%, Up 5.3ppts YoY and Flat from the Previous Week. Occupancy is Trending in Line with Pre-pandemic Norms As 2017, 2018 and 2019 All Showed a Similar Slowdown of Occupancy from Mid-November Toward the End of the Year.




Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 5-11 November 2023

Global occupancy, excluding the U.S., also improved following a year-over-year decline the week before. Occupancy increased 3.9ppts WoW to 68%. Year over year, occupancy also continued to improve at a much faster rate than the U.S., increasing 7ppts compared to the same week last year. Weekly global ADR increased 10% YoY, keeping RevPAR growth in double figures (+17.6%).





Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 8-14 October 2023

Global occupancy, excluding the U.S, fell slightly WoW (-0.6ppts) to 68.9%. The decrease was in line with seasonal trends as calendar shifts impact global occupancy week over week, particularly in the last months of the year. However, global occupancy continued to grow versus last year, up 6.1ppts.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 1-7 October 2023

Global occupancy, excluding the U.S, increased 0.8ppts week on week to 69.5%. As compared to last year, occupancy was up 6.8ppts, the largest year-over-year increase since May 2023. ADR climbed to US$161, up 18.7% YoY. RevPAR grew 31.5% to US$112.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 24-30 September 2023

Global occupancy, excluding the U.S, fell 3.1ppts week on week to 69.0%. This is similar to the decrease seen in the same week of 2019 (-2.6ppts). As compared to last year, occupancy was up 4.6ppts, which was the same as a week prior. ADR climbed to US$159, up 18.5% YoY. RevPAR grew 26.9% to US$109 up 26.9%.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 17-23 September 2023

As compared to the week prior, global occupancy (excluding the U.S) grew slightly, up 1.2ppts to 72.1%. There continued to be strong year-over-year growth with the measure up 4.6ppts. ADR showed solid gains, rising 11.8% to US$150, which was the first time above US$150 in the past five weeks. RevPAR growth remained robust, up 19.3% YoY to US$108.